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Swiss Watch Exports Jumped 3.3% in December After the U.S. Relaxed Its Tariffs
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Robb Report
After months of struggle, the Swiss watch market is seeing a bit of relief.
Timepiece exports from the country increased by 3.3 percent in December compared to 2024, according to a new report that the Federation of the Swiss Watch Industry released on Thursday.
That marks a slight recovery in the sector, as Swiss watch exports have been plummeting for the last four months in the face of U.S. tariffs, Bloomberg reported.
Now, Swiss watch exports are seemingly on the up and up, reaching a total of around $2.7 billion (2.1 billion Swiss francs) in December and a total of around $33.4 billion (25.6 billion Swiss francs) for the year, though that marks a 1.7 percent drop compared to 2024.
Previously, watch exports from Switzerland had declined by 16.4 percent in August and by 3.1 percent in September.